Saturday January 29-th, 2022

Rio Tinto raises dividend, sees 'V-shaped' China recovery

Underlying earnings from iron ore , which typically accounts for about 80 per cent of Rio's earnings, gained 1 per cent to $US4.56 billion ($A6.35 billion) in the half-year, and shipments rose three per cent. Rio Tinto performed fairly upbeat in ...

These US Tech Giants Rally on Q2 Beats; Google Lags These US Tech Giants Rally on Q2 Beats; Google Lags

Amazon blew past Wall Street estimates , with $US88.9 billion in sales last quarter, but fell short on growth with Amazon Web Services. Analyst Debra Aho Williamson of eMarketer said Facebook's ad business "was negatively affected by the glo...

Kodak share soars post active drug ingredient development deal Kodak share soars post active drug ingredient development deal

DFC recently launched a request for proposals from private sector entities seeking DFC financing under the DPA for projects that support the domestic production or distribution of pharmaceuticals, personal protective equipment (PPE), medical testing ...

Samsung slump makes Huawei the world's biggest smartphone brand Samsung slump makes Huawei the world's biggest smartphone brand

The global pandemic certainly does help Huawei's situation. The strong performance comes as Huawei shifts its focus to its home China market as a result of US sanctions and China's aggressive plans to accelerate the commercialization of 5G te...

Biggest Fall On Record: June Quarter CPI Collapses Biggest Fall On Record: June Quarter CPI Collapses

This CPI measure hasn't gone backwards since 1960. The country's consumer price index fell by 1.9% over the three months to June 30, according to the official Australian Bureau of Statistics . Interestingly, the ABS found several COVID-19 relate...

UK signs up for Sanofi-GSK coronavirus vaccine UK signs up for Sanofi-GSK coronavirus vaccine

The first people to get the vaccine will be frontline heath and social care workers, the elderly and the most vulnerable. This is the fourth agreement of this type that the British Government has closed since last March, after 100 million doses o...

Alphabet's revenue fell for first time ever as Covid hit ads Alphabet's revenue fell for first time ever as Covid hit ads

Ad sales, which make up the bulk of sales at the Google parent, were $29.9 billion in the second quarter, down 8.1% from the same period previous year. Porat said the company would "reimagine" what their future workspaces would look like while most e...

Crude oil rises after surprise drop in U.S. inventories Crude oil rises after surprise drop in U.S. inventories

Energy Information Administration (EIA) weekly inventories report revealed exactly what traders are anxious about. Net U.S. crude imports fell 1 million barrels per day, the EIA said, dropping to 1.9 million bpd. USA gross domestic product collapse...

Gold demand in Apr-Jun sinks 70 per cent Gold demand in Apr-Jun sinks 70 per cent

This data is given within the report of the World Gold Council (WGC). Second-quarter gold demand fell 11% year on year, pushing demand for the six months to June down 6%. "There is a lot of probability involved and therefore WGC will not like t...

Jumbo jet: Boeing confirms it will stop making 747 aircraft from 2022 Jumbo jet: Boeing confirms it will stop making 747 aircraft from 2022

The company will study whether to close one of its two factories that make the 787; one is near Seattle, the other in SC. "We remained focused on the health of our employees and communities while proactively taking action to navigate the unpreceden...

Trump suggests delaying the November election Trump suggests delaying the November election

It was not clear if Trump was serious and any such move would require action by the US Congress, which holds the power to set the timing of elections. Representatives for the White House did not immediately respond to a request for comment. "Our demo...

Trump floats election delay, claims voter fraud risks amid virus Trump floats election delay, claims voter fraud risks amid virus

The Commerce Department reported Thursday that second-quarter GDP fell by a record annualized rate of 32.9% during the coronavirus shutdowns. He is also trailing in averages of polls in the states of Arizona, Florida, Michigan, North Carolina, Pe...

Time jobless claims drop again Time jobless claims drop again

The previous week also saw a decrease in initial jobless claims, down from the 35,422 initial jobless claims received two weeks ago, according to the department. Hogan has not eased restrictions since June 19. This is likely the last week of emerge...

Lloyds boss António Horta-Osório to step down next year Lloyds boss António Horta-Osório to step down next year

Chief executive of Lloyds bank Antonio Horta-Osorio, who joined the bank after formerly heading Santander's United Kingdom arm, has announced that he will leave his position at the end of June 2021. () - Lloyds Banking Group (L:) Chief Executive An...

Republican Senators Question Provision for FBI Building in New Virus Relief Bill Republican Senators Question Provision for FBI Building in New Virus Relief Bill

Republican want to slash it to $200 a week, saying that the federal bump is too generous on top of state benefits and is discouraging employees from returning to work. The president criticized Mrs. Pelosi and Mr. Schumer for seeking a package that in...

Victoria to announces a record 700 new coronavirus cases and 13 deaths Victoria to announces a record 700 new coronavirus cases and 13 deaths

While the number of new cases dropped to 295 from 384 announced on Tuesday and 532 on Monday, Victoria's aged care outbreaks remain a major concern. Residents in metropolitan Melbourne are subject to stay-at-home orders and can only leave home for ...

Fed extends emergency lending programs to end of the year Fed extends emergency lending programs to end of the year

The Nikkei 225 (JP:NIK ) gave up 1%, while South Korea's Kospi (KR:180721 ) added 0.1%. Hong Kong's Hang Seng rose 0.4 per cent while the Shanghai Composite climbed 1.5 per cent. The Federal Open Market Committee's announcement is due on Wednesday....

Global airlines less hopeful on Covid-19 recovery Global airlines less hopeful on Covid-19 recovery

European carriers, meanwhile, saw demand collapse 96.7 per cent in June versus a year ago following a 98.7 per cent decline in May. Capacity contracted 84.5%, and the load factor dived 62.1 percentage points to just 8.9% of seats filled. "Furthermore...

Mitch McConnell faces backlash from fellow Republicans after unveiling coronavirus relief proposal Mitch McConnell faces backlash from fellow Republicans after unveiling coronavirus relief proposal

Aid runs out Friday for a $ 600 weekly jobless benefit that Democrats call a lifeline for out-of-work Americans. The plan sparked immediate opposition from both Democrats and Republicans. "That's just a fact". While numerous GOP's efforts to ski...

Goldman Sachs boosts gold forecast to $2300 Goldman Sachs boosts gold forecast to $2300

Gold has always been viewed as a "safe haven" asset, a secure place for investors to put their money when other investments are volatile and a way of hedging against falls in assets such as stocks or currencies. The latest rise in gold came as Chine...

Google to allow employees to work from home till July 2021 Google to allow employees to work from home till July 2021

The move makes Google the first major American corporation to formally initiate such an extended period for remote work, according to the Journal . The decision came directly from CEO Sundar Pichai , who discussed the situation with Google manage...

S&P 500, Nasdaq open higher on stimulus, dovish Fed hopes S&P 500, Nasdaq open higher on stimulus, dovish Fed hopes

About 4.27 million confirmed Covid-19 cases have been reported in the United States, with over 147,000 deaths, as of Monday afternoon, according to a tally by Johns Hopkins University. The Dow Jones Industrial Average rose 114.88, or 0.4%, to 26,58...

Senate GOP, White House poised to unveil their next coronavirus relief plan Senate GOP, White House poised to unveil their next coronavirus relief plan

Unconfirmed reports over the weekend indicated that Republicans would cut the unemployment benefits to $200 per week, while Treasury Secretary Steven Mnuchin previously said it would set the enhanced insurance at 70 percent of a worker's previous...

California Taco Bell seeking coins, offering free tacos in exchange California Taco Bell seeking coins, offering free tacos in exchange

Precautions to slow the spread of coronavirus resulted in reduced retail sales and "significantly" decreased deposits from third-party coin processors, the U.S. and 11 a.m and again between 2 p.m. and 4 p.m. The Lynchburg location announced the news ...

WTI crude oil futures settle at $41.60 WTI crude oil futures settle at $41.60

Remember, sometimes it is a matter of currency, as the U.S. dollar is getting crushed it helps elevate the crude oil market, regardless of demand as people tried to bite "things". Global coronavirus cases, meanwhile, exceeded 16 million. In Chin...

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